RaveDAO said Saturday its team is “not engaged in, nor responsible for” the recent surge in its RAVE token, which jumped from $0.25 to $28 in nine days before collapsing to under $4 on Saturday.Onchain investigator ZachXBT alleged a pump-and-dump scheme, pointing to roughly 90% of supply held across three team-linked wallets, and has offered a $25,000 bounty for whistleblowers.Binance and Bitget have both confirmed they are investigating the trading activity.